Method and system for automated value transfer

ABSTRACT

This invention provides a system and method for authorizing automated value transfers from an account available to users who do not have a pre-existing trust, business or financial relationship. In an embodiment of the present invention, a Sender at a first location purchases a PIN Card at a point of sale, such as a retail location or a bank teller. The Sender contacts an intended Recipient at a remote location and discloses a Transfer PIN associated with the PIN Card, as well as the amount being transferred, to that intended Recipient. The Recipient needs only the Transfer PIN and a Cash Card to receive the money transfer at a participating remote location. To receive the value associated with the PIN Card, the Recipient inserts or swipes the Cash Card at an ATM and enters the Transfer PIN. An authorization system then authorizes the dispensing unit to dispense that value amount.

RELATED APPLICATIONS

This application claims priority from U.S. Provisional PatentApplication No. 60/449,398, titled “Method and System for AutomatedValue Transfer,” filed Feb. 25, 2003, the entirety of which is herebyincorporated by reference.

FIELD OF THE INVENTION

The present invention relates generally to the field of electronictransfer of funds, and, more specifically, to a system and method forauthorizing automated value transfers from an account available to userswho do not have a pre-existing trust, business or financialrelationship.

BACKGROUND OF THE INVENTION

As long ago as when people began interacting with others in far-offlocations, there has been a need for transferring money to relativelyremote locations. As electronic communications became increasinglyprevalent, “money wiring” was developed to transfer money rapidly todistant locations. Today, people continue to find the need to send orreceive money rapidly, in situations ranging from a parent sending moneyto a child away at college to a tourist in need of money in a foreigncountry after having a wallet or purse stolen. However, one drawback ofconventional money wiring services is that they typically require adirect or indirect relationship with a bank or other financialinstitution. For example, some services require that the sending partyeither has an existing bank account with the institution transferringthe funds, while others require the sending party to present a creditcard or other bank card with cash advance capabilities. This may simplynot be an option for some users, such as migrant or seasonal workers whowant to send money back to family at a distant location, including aforeign country, but do not have bank accounts or credit cards due totheir itinerant nature or lack of credit history. Moreover, conventionalmoney wiring services typically require that both the sending andreceiving party have access to money wiring facilities such as a bankteller or a Western Union location, and that such locations be open atthe time of day at which the Sender wishes to send and the Recipientseeks to retrieve the funds.

Accordingly, there is a need for a system and method for transferringvalue that allows a Sender and receiver to transfer money without apreexisting relationship with a financial institution such as a bank orother credit card issuer. There is also a need for such a system andmethod to be implemented using existing financial or electronic bankingnetworks and without the need for extensive new infrastructure at eitherthe sending or receiving location.

SUMMARY OF THE INVENTION

The present invention provides a system and method for automated valuetransfer. Embodiments of the invention may be used for transferringmoney between a Sender and Recipient without requiring either party tohave access to a bank account, credit card, or other preexistingrelationship with a financial institution. The present invention can beimplemented using existing financial networks such as retailpoint-of-sale locations, automated teller machines (ATMs), and othercash dispensing units.

In an embodiment of the present invention, a Sender at a first locationpurchases a card, referred to sometimes in this specification as a “PINCard,” at a point of sale, such as a retail location or a bank teller.Upon purchase of a PIN Card, a string or Transfer PIN associated withthe PIN Card is activated in an authorization system, with the string orTransfer PIN also associated with a value corresponding to the purchaseamount of the PIN Card (e.g., 3,000 Mexican pesos). The Sender contactsan intended Recipient at a remote location and discloses the string orTransfer PIN to that intended Recipient. In embodiments, the Recipientneeds only this string or Transfer PIN and a card, sometimes referred toin this specification as a “Cash Card,” to receive the money transfer ata participating remote location. Also, in embodiments, almost any CashCard can be used with any valid Transfer PIN to receive value transfers.To receive the value associated with the PIN Card, the Recipient insertsor swipes the Cash Card at a participating dispensing unit such as anATM, which reads and routes appropriate transaction information to anauthorization system. The Recipient then enters the string or TransferPIN, which the authorization system identifies as being a valid entrythat is associated with the value amount associated with the PIN Card.The authorization system then authorizes the dispensing unit to dispensethat value amount.

In another aspect of an embodiment of the present invention, theRecipient uses a PIN Card or Cash Card to receive money in accordancewith promotions or sweepstakes. For example, a particular string or PINmay be publicly advertised as part of a promotion or sweepstakes. PINCard and Cash Card holders may insert or swipe their cards atappropriate units such as ATMs, thereby providing, in such embodiments,information enabling an authorization system to identify a particularcard and, for example, its owner. Once the card holder enters thepublicly advertised string or PIN, which identifies the particularpromotion or sweepstakes being run, the authorization system usespredetermined criteria such as a historical usage pattern of the PINCard or Cash Card, whether the card is being used for the first time, ora random or unpredictable event, to determine whether to authorize thedispensing unit to dispense a predetermined amount of funds.

In accordance with the present invention, a method is provided forobtaining a cash withdrawal from a dispensing unit comprising: enablingthe dispensing unit, in response to a first numeric string, to receive asecond numeric string associated with a predetermined cash amount, wherethe first numeric string is associated with a disbursement accountavailable to a plurality of unrelated users; entering the second numericstring into the dispensing unit; and obtaining the predetermined cashamount from the dispensing unit, which may comprise an ATM or apoint-of-sale terminal at a retail location. In embodiments, the firstnumeric string is not associated with a distinct user account such as anindividual bank account. The first numeric string may be stored on amagnetic stripe on a card that is input to the dispensing unit. In anembodiment, the second numeric string is randomly generated andessentially unique. The second numeric string may also be essentiallyindependent of the first numeric string, and is not necessarilyassociated with the card or the first numeric string prior to the stepof entering the second numeric string into the dispensing unit. Thesecond numeric string may further comprise a plurality of subset stringswhich are separately input into the dispensing unit.

In accordance with another aspect of the present invention, a method isprovided for obtaining a cash withdrawal from a dispensing unit,comprising: enabling the dispensing unit, in response to a first numericstring, to receive a second numeric string associated with apredetermined cash amount, where the first numeric string is associatedwith a disbursement account available to a plurality of unrelated users;entering the second numeric string into the dispensing unit; andobtaining a portion of the predetermined cash amount from the dispensingunit, wherein the portion of the predetermined amount is selected by auser of the dispensing unit.

According to still another aspect of the present invention, a method isprovided for authorizing cash withdrawals from a dispensing unit,comprising: enabling a dispensing unit, in response to an essentiallyunique first numeric string, to receive a second numeric string;receiving the second numeric string at the dispensing unit; andauthorizing a cash withdrawal from the dispensing unit if the secondnumeric string matches an expected value and if the first numeric stringmeets predetermined criteria based either on a historical usage patternassociated with the first numeric string or on promotional rules. Inthis aspect of the present invention, the second numeric string ispublicly advertised. The predetermined criteria may be based on ahistorical usage pattern associated with the first numeric string,including for example specified transactions, a predetermined number ofcash withdrawals, or a predetermined number of cash withdrawals within apredetermined time period prior to the receiving step. The predeterminedcriteria may also be based on promotional rules, including a random orunpredictable activation event or an intentional activation eventassociated with the first numeric string. Such events may be independentof the historical usage pattern associated with the first numericstring.

In still another aspect of the present invention, a method is providedfor transferring value, comprising: activating from a first location arepresentation of a predetermined value associated with an essentiallyunique identification string; receiving the essentially unique string ata second location comprising a cash dispensing unit; and authorizing adisbursement of a cash amount at the cash dispensing unit responsive toa numeric string and the essentially unique identification string. Thecash amount dispensed may be the predetermined value, or it may be aportion of the predetermined value selected by a user of the cashdispensing unit. The essentially unique identification string mayfurther comprise a plurality of subset strings which are separatelyentered, with a decline or termination message being generated if thecomplete essentially unique identification string has not been received.The first location may be a retail store at which a user remits a cashequivalent amount of the predetermined value, and the cash dispensingunit may for example be an ATM, a point-of-sale terminal at a retaillocation, or a person. The predetermined value may correspond to apredefined currency value of a multiple of whole currency units at asecond location (for example, 1,000, 2,000, or 3,000 Mexican pesos). Inaccordance with this aspect of the present invention, the method fortransferring value may further comprise the step of activating the cashdispensing unit in response to the insertion or presentation of a cardthat stores the numeric string.

According to another aspect of the present invention, a method fortransferring value comprising receiving from a first location a signalto activate a representation of a predetermined value associated with anessentially unique identification string; receiving from a secondlocation, comprising a cash dispensing unit, the essentially uniqueidentification string, where the essentially unique identificationstring is routed from the second location to an authorization system inresponse to routing information input into the cash dispensing unit; andthe authorization system authorizing, responsive to the essentiallyunique identification string, a disbursement from the cash dispensingunit of an amount of the predetermined value. In this aspect of thepresent invention, the authorization does not necessarily depend uponthe routing information.

According to still another aspect of the present invention, a method isprovided for activating an automated teller machine (ATM) comprisingreading information stored on a card inserted into the ATM, where theinformation comprises a numeric string associated with a disbursementaccount and not associated with a distinct user account; and activatingthe ATM in response to the numeric string.

According to another aspect of the present invention, a system isprovided for transferring value comprising: information receivedincluding an essentially unique string and an amount associated with theessentially unique string; a disbursement account available to aplurality of unrelated users; an authorization system for authorizingdisbursements from the disbursement account; and a cash dispensing unitoperable to receive the essentially unique string, transmit theessentially unique string to the authorization system, and dispense theamount in response to an authorization of disbursement from thedisbursement account.

In another aspect of the present invention, a card is provided fortransferring value, comprising: a first storage medium comprising amagnetic stripe, where the first storage medium stores informationidentifying the card; a second storage medium that stores a stringassociated with a transferred value; and a calling code printed on thecard for communicating the string to a remote user; where responsive tothe input of the string, a cash dispensing unit dispenses a cashequivalent of the transferred value to the remote user. The secondstorage medium may be in human readable form, and may also store asecond string generated by a number generator and associated with thecalling code. The card may alternatively comprise a third storage mediumthat stores a second string associated with the calling code. The secondstorage medium or the third storage medium may comprise a scratch-offfilm for hiding the information stored on them. In accordance with thisaspect of the present invention, the transferred value may be apredetermined foreign currency value in a multiple of whole currencyunits.

According to still another aspect of the present invention, a card isprovided for activating a cash dispensing unit, the card comprising: astorage medium, where the storage medium stores information comprising anumeric string associated with a disbursement account accessible by aplurality of unrelated users; and wherein upon insertion of the cardinto a cash dispensing unit, the numeric string serves to validate thecard to conduct a transaction with the disbursement account.

According to another aspect of the present invention, a card is providedfor activating a cash dispensing unit, comprising: a storage medium thatstores information comprising a numeric string associated with adisbursement account accessible by a plurality of unrelated users, andwhere, in response to inserting the card into a cash dispensing unit andentering an essentially unique string into the cash dispensing unit, thecash dispensing unit dispenses a predetermined amount of cash associatedwith the essentially unique string.

Additional features and advantages of the present invention are setforth in part in the description that follows, and in part are apparentfrom the description, or may be learned by practice of the invention.The embodiments and features of the invention may also be realized andattained by means of the instrumentalities and combinations particularlyset out in the appended claims.

BRIEF DESCRIPTION OF THE FIGURES

The accompanying drawings, which are incorporated in and constitute partof the specification, illustrate embodiments of the invention, andtogether with the description, serve to explain the operation of theinvention.

FIG. 1 is a flowchart depicting a summary of the steps of an embodimentof the present invention.

FIG. 2 depicts an authorization system in accordance with an embodimentof the present invention.

FIG. 3A depicts the front side of an exemplary PIN Card as sold for usein embodiments of the present invention.

FIG. 3B depicts the back side of the exemplary PIN Card depicted in FIG.3A.

FIG. 4A depicts the front side of an exemplary Cash Card for use inembodiments of the present invention.

FIG. 4B depicts the back side of the exemplary Cash Card depicted inFIG. 4A.

FIG. 5 is a flowchart representing a process for creating a PIN Card inaccordance with the present invention.

FIG. 6 is a flowchart depicting a process for inserting a Transfer PINinto a database of an authorization system according to the presentinvention.

FIG. 7 depicts a process for creating a Cash Card in accordance with thepresent invention.

FIG. 8 depicts a process for activating PIN Cards in accordance with thepresent invention.

FIG. 9 depicts a process for dispensing funds at a dispensing unit inconnection with a funds transfer in accordance with the presentinvention.

FIG. 10 depicts a process for looking up a Transfer PIN to authorize afunds disbursement in accordance with the present invention.

FIG. 11 depicts a process for dispensing money in accordance with anaspect of the present invention relating to a sweepstakes.

DETAILED DESCRIPTION

With reference to the figures, a detailed discussion of the preferredembodiments of the present invention is presented. However, the figuresand examples below are not meant to limit the scope of the presentinvention or its equivalents or any embodiments that would be apparentto one of ordinary skill in the art in light of this specification.

FIG. 1 depicts a summary of the steps of an embodiment of the presentinvention. In step 10 of FIG. 1, a Sender purchases a PIN Card. Asdescribed in more detail below, this purchase can occur at any number ortype of retail or other installations. In this example, before theSeller transfers the PIN Card to the Sender, in step 12 the Sellertransmits activation information to an authorization system (notdepicted in FIG. 1), using information and techniques described in moredetail in this specification. In response to valid information from theSeller, the authorization system in step 14 activates the Transfer PIN,and associates it with a value corresponding to the purchase amount ofthe PIN Card. For example, if the Sender in the United States wants totransfer 3,000 Mexican Pesos to a friend in Mexico, the purchase priceof the PIN Card could be the U.S. equivalent of 3,000 Pesos, plus aSeller's fee or commission, plus a fee or commission to theauthorization system. Once the Transfer PIN is activated, in thisexample it is associated in the authorization system with the value of3,000 Mexican Pesos.

Continuing further with the example depicted in FIG. 1, the Sender instep 16 discloses the Transfer PIN and the amount of value associatedwith the Transfer PIN to the intended Recipient. This can be done, forexample, by telephone or by other means that the Sender and intendedRecipient choose. In the embodiment depicted in FIG. 1, the Recipientneeds a Cash Card in order to retrieve the funds to be transferred fromthe Sender. Accordingly, in step 18 it is determined whether theintended Recipient has a Cash Card. If not, then in step 20 the intendedRecipient obtains a Cash Card, as explained below in this specification.Once the intended Recipient obtains a Cash Card, the process depicted inFIG. 1 continues to step 22, in which the intended Recipient uses theCash Card to activate a participating dispensing unit. In embodiments ofthe present invention, the dispensing unit can be an ATM machine, and itcan be activated so that it is ready to receive information by insertingor swiping the Cash Card using devices known to those of skill in theart for transferring information on cards to ATM or similar machines.Once the dispensing unit is activated, the intended Recipient in step 24then enters the Transfer PIN disclosed by the Sender into the dispensingunit, for example using a keypad in response to appropriate prompts.After the Transfer PIN is input, the dispensing unit in step 26transmits it to the authorization system. In decision step 28, theauthorization system determines whether the Transfer PIN is authorized.As explained in more detail below, this authorization can use any numberof techniques designed to strike an appropriate balance between securityof the system with the convenience of the users.

In the embodiment depicted in FIG. 1, if the Transfer PIN is notauthorized, then in step 30 the dispensing unit is notified to terminatethe transaction without dispensing any funds. On the other hand, if theTransfer PIN is authorized, then in step 32 the dispensing unit issignaled to dispense an amount of funds equal to the value associatedwith the Transfer PIN when the PIN Card was purchased. In the exampledescribed above, this amount would be 3,000 Mexican Pesos.

FIG. 2 provides an overview of the authorization system 140 inaccordance with an embodiment of the present invention. In anembodiment, the authorization system 140 comprises a computer withappropriate communications, security, and information processingsoftware, as well as databases and appropriate storage media as isappropriate for the specific implementation of the present invention.Although authorization system 140 is depicted in FIG. 2 as a single box,it should be understood that authorization system 140 may comprise aplurality of computing devices operating in conjunction and incooperation with each other to provide the desired computing and datastorage capabilities in accordance with a specific implementation of thepresent invention. Moreover, authorization system 140 may comprisecomputing and data storage devices distributed in multiple locations andnetworked by appropriate communications infrastructure to provide thedesired computing and data storage capabilities in accordance with aparticular implementation of the present invention.

In the embodiment depicted in FIG. 2, authorization system 140 receivesinformation from, among other sources: Sender locations comprisingretail points-of-sale 50, automated kiosks 52, or other PIN Cardactivation locations 54 via a communications network 56; Recipientlocations comprising ATMs 60, attendant-operated dispensing units 62, orother appropriate dispensing units 64 via a communications network 57;financial institutions 80 via a communications network 59; and PIN Cardand Cash Card manufacturer(s) 70 via an information transfer means 58such as a CD or other electronic file. Information received from theSender location includes, for example, the PIN Card Number and theamount of value being transferred, which are sent to the authorizationsystem 140 when a PIN Card is activated, as explained above with respectto step 12 in FIG. 1 and as explained below in conjunction with FIG. 8.Information received from the Recipient location includes a firststring, for example a Cash Card Number, and a second string, for examplea Transfer PIN or other string used in conjunction with a sweepstakes orpromotion. In embodiments of the present invention, such information issent to authorization system 140 when a Recipient uses a Cash Card asexplained above with respect to steps 22, 24, and 26 in FIG. 1 and asexplained below with respect to FIG. 9 and FIG. 11. In embodiments,authorization system 140 receives information from the PIN Card and CashCard manufacturer(s), including for example PIN Card Numbers, TransferPINs, Calling Codes, Cash Card Numbers, and identification informationfrom the PIN Card and Cash Card holders. This process is described belowwith respect to FIG. 5, FIG. 6, and FIG. 7. Depending on the embodiment,authorization system 140 may also communicate with one or more financialinstitutions 80, for example to debit or credit a corporate disbursementaccount, for example when funds are to be dispensed or when a PIN Cardis purchased.

As explained in greater detail elsewhere in this specification,including for example with respect to FIG. 9 and FIG. 11, authorizationsystem 140 receives information from these various sources and processesthe received information in order, for example, to perform security andverification checks, compare received and stored data, make appropriaterecord keeping entries, and authorize disbursements to money transferRecipients in accordance with the present invention.

FIG. 3A provides a depiction of the front side of an example of a PINCard as might be purchased by a Sender in step 10 of FIG. 1. As depictedin FIG. 3A, PIN Card 160 is constructed of plastic or other suitablematerial such as conventionally used for credit cards, debit cards orgift cards. PIN Card 160 as depicted in FIG. 3A is a single piece,approximately the dimensions of three standard credit cards, and withscoring 802 to permit easy detachment of the bottom third as a separatecard. As shown in FIG. 3A, the top third 801 of the PIN Card 160includes an advertising message 804 that includes the amount of cashthat may be transferred using the particular card, and a legend 806 (inSpanish in FIG. 3A) that the card has no value until it is activated.The middle third 808 of the PIN Card includes basic instructions (againin Spanish), on how to use the card. In the example depicted in FIG. 3A,the bottom third 810, which may be detached, includes a logo and design.

FIG. 3B provides a depiction of the back of the PIN Card 160 depicted inFIG. 3A. As depicted in FIG. 3B, the top third 820 of the back of thePIN Card 160 includes the legend 822 (in English) from the top third ofthe front of the PIN Card 160, along with instructions 824 in English onhow to use the card, corresponding to the Spanish instructions on themiddle third of the front of the card, as depicted in FIG. 3A. As alsodepicted in FIG. 3B, the top third 820 and the middle third 826 of theback of the PIN Card 160 include instructions in English, on how to geta Cash Card and on how to use a designated internationaltelecommunications carrier to call the intended Recipient to inform himor her of the Transfer PIN 130 and the value represented by the card(1,000 Pesos in this example) once authorized. In the example depictedin FIG. 3B, the middle third 826 of the back of the PIN Card 160includes terms and conditions on the use of the card. The middle third826 of the back of the PIN Card 160 also includes a number 834 and itscorresponding UPC bar code 830 that identifies the particular PIN Cardproduct.

In the embodiment depicted in FIG. 3B, the bottom third 828 of the backof the PIN Card 160 includes Spanish-language instructions and terms andconditions corresponding to the English-language instructions and termsand conditions on the middle third 826 of the back of the PIN Card 160,as well as Spanish-language instructions on how to get a Cash Card andon how to use a designated international telecommunications carrier tocall the intended Recipient to inform him or her of the Transfer PIN 130and the value represented by the card once authorized. The bottom third828 of the back of the exemplary PIN Card 160 depicted in FIG. 3B alsoincludes a magnetic stripe 832 for recording and reading electronicallyencoded information, using techniques for recording and reading magneticstripe information known to those in the art. In an embodiment of thepresent invention, the magnetic stripe 832 encodes a 16 digit CardNumber that identifies a particular PIN Card 160, with the first sixdigits being the Issuer Identification Number (IIN), the next ninedigits being the internal unique card number, and the final digit beingthe check digit that is calculated from the preceding 15 digits using analgorithm known to those in the art and that helps to assure accurateelectronic transmission.

In the embodiment depicted in FIG. 3B, the bottom third 828 of the backof the PIN Card 160 also includes scratch-off areas 836 and 838, whichare coated with a film or other material suitable for hiding informationunder it, while permitting the hidden information to be revealed whenthe film or other material is scratched or rubbed with a coin or otherrelatively rigid object. In this example, scratch-off area 836 hides a12-digit Calling Code that enables a caller to make a toll-free call toan intended Recipient of the value represented by the PIN Card, andscratch-off area 838 hides a 12-digit Transfer PIN. However, in otherembodiments not shown, the 12-digit Calling Code and the 12-digitTransfer PIN may be hidden by a single scratch-off area. As instructedon the back of the PIN Card 160, a Sender would call the designatedinternational telecommunications carrier using the listed number, thenenter the 12-digit Calling Code, and then enter an appropriate countrycode, and then enter the telephone number of the intended Recipient.Further to this example, upon reaching the intended Recipient, theSender would then disclose the 12-digit Transfer PIN and the amount ofvalue associated with the PIN Card and, if necessary, the instructionson how to obtain a Cash Card. The intended Recipient would then obtainfunds according to the present invention, including for example thesteps summarized in FIG. 1 or otherwise described in this specification.

FIG. 4A provides a depiction of the front of an embodiment of a CashCard for use in the present invention. In this embodiment, the front 850of Cash Card 310 includes a logo and design, as well as a legend 852 (inSpanish in FIG. 4A) identifying the year of activation of the Cash Card.

FIG. 4B provides a depiction of the back of the embodiment of a CashCard depicted in FIG. 4A. In this embodiment, the back 860 of the CashCard 310 includes a magnetic stripe 862 for recording and readingelectronically encoded information, using techniques for recording andreading magnetic stripe information known to those in the art. In anembodiment of the present invention, the magnetic stripe 862 encodes a16 digit Card Number that identifies a particular Cash Card 310, withthe first six digits being a Bank Identification Number (BIN) whichserves to route Cash Card transaction information from the dispensingunit to the authorization system 140, the next nine digits comprise aunique Card Number associated with the Cash Card 310, and the finaldigit is a check digit that is calculated from the preceding 15 digitsusing an algorithm known to those in the art and that helps to assureaccurate electronic transmission. In the example shown in FIG. 4B, the16-digit Cash Card Number 350 is also displayed in human readable form.The back 860 of the Cash Card 310 also includes language 864 identifyingthe Cash Card 310 as property of the issuer of the card, as well astelephone numbers 866 that can be called for information or customerassistance.

FIG. 5 illustrates a process used to associate information with PINCards 160 in accordance with an embodiment of the present invention.Random number generators 105 and 110 are used to generate two sets ofrandom numbers 115 and 120, respectively. In embodiments, random numbers115 are twelve digits long and are used to generate a Calling Code 125,which is printed on PIN Card 160. At the same time, Calling Code 125 isstored in an authorization system 140, which comprises a database andother associated software and hardware for manipulating the data storedin the database, as described with reference to FIG. 2. As describedwith reference to FIG. 3B, the Calling Code 125 may be used by theSender, in conjunction with a designated internationaltelecommunications carrier using the toll-free number printed on the PINCard, to call the intended Recipient to pass along the Transfer PIN 130.

In embodiments, random numbers 120 are preferably 12 digits long andeach is used as a separate Transfer PIN 130, which is printed on PINCard 160. At the same time, In embodiments, transfer PIN 130 is storedin authorization system 140. In embodiments, Transfer PINs 130 areessentially unique, in that they are 12-digit strings generated by arandom-number generator 110 and are checked against previously generatedTransfer PINs 130 to ensure that there is no duplication within aspecified time period, in order to provide a very high degree ofconfidence that two or more identical Transfer PINs 130 are not activesimultaneously. For example, in an embodiment, more than a predeterminednumber of months, such as twelve, would be required to elapse after aspecific 12-digit Transfer PIN had been used for a finds transfer beforeit could be activated again for use with the same authorization system140.

In embodiments, the PIN Card 160, in addition to having the Calling Code125 and Transfer PIN 130 printed on it, is also assigned a Card Number150, which is stored in authorization system 140. In embodiments, theCard Number 150 is 16 digits, where the first 6 digits comprise anIssuer Identification Number (IIN) which serves to route transactionsfrom a point-of-sale terminal at a retail location to authorizationsystem 140, the next nine digits comprise a unique card numberassociated with the specific PIN Card 160, and the final digit is acheck digit to assure accurate electronic transmission. Card Number 150may also be stored on PIN Card 160, for example in a storage medium suchas a magnetic stripe or printed on the card in a human readable format.In embodiments, the Card Number 150 is not directly associated with aparticular money transfer transaction but instead may be used to keeptrack of the use and purchase of PIN Cards and Transfer PINs, and formarket research, promotions and sweepstakes, and other business reasons.In embodiments, the Calling Code 125 and Transfer PIN 130 are bothassociated with the Card Number 150 in a database in authorizationsystem 140.

In the embodiment depicted in FIG. 5, the next step 170 in the PIN Cardcreation process is the covering of the Calling Code 125 and TransferPIN 130 with opaque material to keep them from being known prior topurchase of the PIN Card 160. Calling Code 125 and Transfer PIN 130 maybe covered by a single scratch-off surface or by separate scratch-offsurfaces. Other suitable means for hiding Calling Code 125 and TransferPIN 130, such as peel off tape, microencapsulation of ink patterns,radio or electronic readers, and the like, are apparent to those ofskill in the art in light of this specification.

It should be understood that, for Calling Code 125, Transfer PIN 130 andCard Number 150, other shorter or longer strings may be used for greateror lesser security, balanced against ease and convenience of use.Similarly, Calling Code 125, Transfer PIN 130 or Card Number 150 maycomprise alphanumeric or other strings consistent with various types ofstrings that are capable of being read by or input into dispensing unitsand financial and other electronic networks at various locations used inconjunction with the present invention. In embodiments of the presentinvention, the Calling Code 125 and Transfer PIN 130 could be the same,i.e., the Transfer PIN could function as the Calling Code.

FIG. 6 illustrates an embodiment of the process used to insert TransferPINs 130 for storage in a database in the authorization system 140, forlater comparison in accordance with, for example, step 550 of FIG. 9.Random numbers 120, which in an embodiment are 12-digit strings such asTransfer PINs 130, are encrypted in step 210 using a local encryptionkey generated in step 205 and a dummy string generated in step 215. Inembodiments, the dummy string is a constant but relatively random numberthat is used in encryption of the Transfer PINs 130. In step 230, theencrypted PIN Block is hashed and put into data storage in theauthorization system 140. In embodiments, the encryption step 210 andhashing step 230 are performed by computing devices in authorizationsystem 140. In the embodiment depicted in FIG. 6, the 12-digit stringssuch as the Transfer PINs 130 are not stored in a “clear,” non-encryptedform, thereby enhancing the security of the Transfer PINs.

In the embodiment depicted in FIG. 6, random numbers 120, in thisembodiment 12-digit strings such as Transfer PINs 130, are also storedin a non-encrypted form. This is done to keep a record of the actualgenerated Transfer PINs in the event that the encrypted PINs are lost orthe data is corrupted. The random numbers 120 are stored on a CD in step260, and are used as Transfer PINs 130 in the PIN Card 160 manufacturingprocess 270 depicted generally in FIG. 5. In step 280 of FIG. 6, the CDcreated in step 260, which stores the generated Transfer PINs 130, iskept in a secure location, such as a safe, and is accessed if needed(for example, if the encrypted PINs are lost).

FIG. 7 illustrates an embodiment of the process used to create CashCards 310 in accordance with the present invention. In embodiments, CashCards 310 are distributed free of charge to Recipients by variousmethods. For example, in an implementation of the present inventiondesigned to facilitate money transfers between migrant or seasonalworkers in the United States and their families in Mexico, Cash Cards310 could be made available free of charge at local banks and businessesor fairs or other events or gatherings in Mexico, or could be requestedby mail or other suitable means, such as by e-mail or by calling atoll-free number. In an embodiment, the Recipient fills out a form 320prior to receiving the Cash Card 310. Depending upon the scope ofservices to be offered in conjunction with the funds transfers of thepresent invention, the form 320 may request a variety of types ofinformation, such as detailed information to identify the user of eachCash Card 310, or general information to be collected for marketingreasons. In embodiments of the present invention, the completed form 320is collected 330, and the form information is stored in authorizationsystem 140. In embodiments, the Cash Cards 310 are assigned Card Numbers350, which are stored in the authorization system 140. The Card Number350 is also stored on the Cash Card 310, for example on a storage mediumsuch as a magnetic stripe or printed on the card in a human readableformat. In embodiments, the Card Number 350 is 16 digits, with the firstsix digits comprising a Bank Identification Number (BIN) which serves toroute Cash Card transaction information from the dispensing unit to theauthorization system 140, the next nine digits comprise a unique CardNumber associated with the Cash Card 310, and the final digit is a checkdigit. In embodiments, the Card Number 350 may be used to keep track ofthe use of the card and for market research, promotions and sweepstakes,and other business reasons.

FIG. 8 provides a flowchart depicting an embodiment of the activationprocess for PIN Cards, which is a step in a money transfer transactionin accordance with the present invention. A user, sometimes designated aSender, initiates a money transfer transaction in step 410 by purchasingand activating a PIN Card at a point-of-sale (POS) location using a POSterminal 420. In embodiments such points-of-sale terminals will beplaced at retail locations such as convenience stores or gas stations,but they may be at any suitable location to reach the desired customersdepending upon the implementation of the present invention. Inembodiments, PIN Cards 160 are associated with predetermined values, inthe denomination of the intended Recipient's community. For example, forMexican migrant workers in the United States, the PIN Cards 160 could besold for dollars in multiples of whole currency units of Mexican pesos(e.g., 1,000 pesos, 2,000 pesos, etc.). The cost to the Sender could forexample be the value of the card converted to the local currency (e.g.,U.S. dollars) using an applicable exchange rate at the time of thetransaction, plus a transaction fee or commission to the operator of thesystem as well as to the Seller. Other values of PIN Cards 160 could beused as well, including, for example, multiples of whole number amountsof the local currency at the Sender's location, or other amountsselected by the Sender or the Seller of the PIN Cards 160. Similarly,PIN Cards 160 could be sold in and for various and differing currencyunits. As an example, a foreign exchange kiosk at an internationalairport might, for appropriate fees, accept a wide range of foreigncurrencies to purchase PIN Cards 160 associated with values in anequally wide range of foreign currency units.

In the embodiment depicted in FIG. 8, at step 420 PIN Card 160 is swipedat a point-of-sale terminal, resulting in the transmission, in step 430,of information associated with the PIN Card through a communicationsnetwork 56 (depicted in FIG. 2) to an authorization system 140 for thePIN Card activation process at step 440. As apparent to one of skill inthe art in light of this specification, information associated with thePIN Card 160 can be obtained and transmitted in a variety of suitableways, including for example, reading the information from the PIN Cardand signaling authorization system 140 through the use of a keypad, orreading the information to a telephone voice response unit or liveoperator, who then inputs the information into an authorization system140. In embodiments, the information transmitted by the Seller includesthe amount of value and the foreign currency units associated with thePIN Card 160. In other embodiments, the amount of value and foreigncurrency units associated with the PIN Card 160 have themselves beenpreviously associated with the PIN Card Number 150. In embodiments, theinformation transmitted to authorization system 140 also includes otherinformation, such as information appropriate to verify the Seller, totrack the Seller's sales of PIN Cards, or to identify the Senderpurchasing the PIN Card.

In the embodiment depicted in FIG. 8, at step 440 the PIN Card isactivated by the authorization system 140. This activation step mayinclude, for example, completing verification checks on any or all ofthe Seller, the Sender, and the PIN Card Number. Such verificationchecks may include a variety of heuristics designed to prevent crime orfraud, as apparent to those of ordinary skill in the art in light ofthis specification. The particular heuristics used may vary dependingupon the specific practical implementation of the present invention, andmay depend upon the level of security and crime prevention desired, anyapplicable regulatory requirements, and other relevant factors. Inembodiments, the authorization system 140 identifies the PIN Card Number150 and associates it with a specific Transfer PIN 130. Afterverification and authorization procedures have been successfullycompleted, PIN Card 160 is considered activated, and the Transfer PIN130 and the Calling Code 125 are considered activated. In embodiments,in authorization system 140, an activated PIN Card is reflected in arecord flagged as active that associates a specific Transfer PIN 130with a Card Number 150 and a Calling Code 125, as well as an amount ofvalue in a particular currency unit (e.g., 3,000 Mexican Pesos). Afterthe PIN Card is activated, the Seller is signaled, through atelecommunications network or other suitable means, that the PIN Card160 is activated so that the Sender may be so informed. In embodiments,the Seller may itself be an interactive electronic device, such as anATM, that accepts cash or debit or credit cards, for example, permitsthe selection of currency units and amounts, automatically signals theauthorization system 140 in response to Sender commands and inputs, anddispenses activated PIN Cards 160.

Once the PIN Card 160 is activated, the Sender is then able to useCalling Code 125 along with a designated internationaltelecommunications carrier using the toll-free number displayed on thePIN Card 160 to call the intended Recipient, informing him or her thatthe funds transfer has been initiated and authorized, disclosing theTransfer PIN 130, and providing instructions, if necessary, on how toobtain a Cash Card. Of course, other methods my be used to relay thisinformation, such as e-mail, telegrams, letters or pay telephone calls.

FIG. 9 provides a flowchart depicting the steps performed by anembodiment of a system of the present invention in authorizing adisbursement of funds from a dispensing unit. In an embodiment, theintended Recipient starts the process by inserting a Cash Card 310 intoan ATM or other dispensing unit, thereby activating the unit to acceptinput from the intended Recipient. In other embodiments, othertechniques and technologies, including bank tellers orattendant-operated or fully automated terminals could be used inconnection with the disbursement of funds according to the presentinvention.

In the embodiment depicted in FIG. 9, in step 510 the ATM or otherdispensing unit receives a first string of information. This stringcould be alphanumeric information, and in embodiments is a 16-digitnumber, with the first six digits comprising a BIN number to direct thedispensing unit on where and how to route information concerning thetransaction, and with the next ten digits comprising a nine-digit uniqueCash Card Number and a one-digit check digit, as described above withrespect to the Card Number 350 described above. Many alternatives can beprovided for performing the functions of step 510. These could includeautomated identification of the carrier of Cash Card 310, for exampleusing biometrics information, ranging to no specific identification ofthe Cash Card carrier, with the intended Recipient simply pressing abutton on a keypad to signal the dispensing device to activate and toroute transaction information to the authorization system 140.

Continuing with the example of FIG. 9, in step 520 the dispensing unitreceives a second string. In embodiments, this is the Transfer PIN 130that was disclosed to the intended Recipient by the Sender. For example,in response to prompts from the dispensing unit, this second string canbe input into the dispensing unit using a keypad, voice recognition unitor other appropriate techniques and technologies, as apparent to one ofskill in the art in light of this specification. In embodiments, thedispensing unit encodes or encrypts the first string (e.g., the CashCard Number 350) and the second string (e.g., the Transfer PIN 130)before transmitting them over a telecommunications network to theauthorization system 140, and the authorization system 140 decodes ordecrypts them before engaging in comparison and authorization steps 530,550 and 560, depicted in FIG. 9. This process is discussed in greaterdetail below with respect to FIG. 10.

In the embodiment depicted in FIG. 9, the authorization system 140, instep 530, compares the first string, as received from the dispensingunit, to expected values of the first string. For example, theauthorization system 140 may compare the nine-digit number received asthe unique Cash Card Number with a list of authorized and active CashCard Numbers 350 to confirm that the Cash Card 310 being used at thedispensing unit was properly issued, has not been reported lost, etc. Ifthe first string fails to meet the comparison test of step 530, theauthorization system terminates the transaction at step 540, and sendsappropriate messages to the dispensing unit. These could include, forexample, messages to the intended Recipient to reinitiate the process byre-inserting or re-swiping the Cash Card 310, or messages that the CashCard 310 will not be accepted for a designated period of time or,depending on an analysis of the Cash Card Number 350 and other factorsindicating fraud or abuse, that the Cash Card 310 is being retained bythe dispensing unit.

If, on the other hand, the first string meets the comparison test ofstep 530, in an embodiment the authorization system 140 proceeds to step550 to compare the second string to activated values of Transfer PINs130. For example, the authorization system 140 may compare the TransferPIN 130 received from the intended Recipient and transmitted by thedispensing unit to the authorization system 140 to confirm that theTransfer PIN 130 has been properly activated, for instance using theprocess depicted with reference to FIG. 8. Comparison step 550 may, inembodiments, include other considerations in addition to the receipt ofan active and valid Transfer PIN 130. For example, the comparison testof step 550 may be met only if the Transfer PIN 130 is received from aparticular geographic location, or within a specified time period duringa day, or within a specified time after the Transfer PIN 130 has beenactivated. If the second string fails to meet the comparison tests ofstep 550, the authorization system 140 terminates the transaction atstep 540, and sends appropriate messages to the dispensing unit, asdescribed above.

An embodiment of the present invention, not depicted, involves repeatedor “piecewise” entry of the Transfer PIN 130, for example. In order toassure additional security, comparison step 550 may not determine thatthe second string matches activated values until the second string hasbeen entered a requisite number of times. Thus, in such an embodiment,the transaction would not be terminated before the Transfer PIN 130 hadbeen entered the requisite number of times, but rather an appropriatemessage would be sent to the intended Recipient or dispensing unit toinstruct the intended Recipient to enter the Transfer PIN 130 again.

In another embodiment (not depicted), the Transfer PIN 130 could be astring with a length exceeding the length of a typical Transfer PIN 130.For example, if a typical Transfer PIN 130 is a 12-digit string, ahighly secure Transfer PIN 130 could be 36 or 60 or more digits. Ratherthan receiving the entire Transfer PIN 130, in such embodiments theauthorization system 140 could receive the Transfer PIN 130 piecewise,for example in groups or subsets of 12-digit strings. In suchembodiments, the comparison step 550 of FIG. 9 would be modified toinclude interactive receipt and comparison of portions of the TransferPIN 130, with appropriate messages to continue entering further portionsor that a portion has not successfully passed the appropriate comparisontest. Once all portions have been entered, the authorization system 140authorizes a cash disbursement if the concatenated entries correspond toan active Transfer PIN 130 value.

In still other embodiments (not depicted), a similar piecewise entry ofa Transfer PIN 130 may involve successive entries of, for example, twosix-digit strings to form a complete 12-digit Transfer PIN 130, or anyother combination of shorter strings as appreciated by one of ordinaryskill in the art.

If the second string passes the comparison test of step 550, then in theembodiment depicted in FIG. 9 the authorization system 140, in step 560,authorizes the disbursement and the appropriate record keeping entries.The authorization system may perform verification checks using the firstand second strings. Such verification checks may include a variety ofheuristics designed to prevent crime or fraud, as known to those ofordinary skill in the art. The particular heuristics used may varydepending upon the specific practical implementation of the presentinvention, and may depend upon the level of security and crimeprevention desired, any applicable regulatory requirements, and otherrelevant factors.

The authorization step 560 typically includes sending instructions to afinancial or other institution to permit the withdrawal of a designatedamount of funds, in a particular currency unit, from an account. Inembodiments, this account is a corporate disbursement account thatpermits disbursements to any intended Recipient who provides a firststring (e.g., a Cash Card Number 350) and a second string (e.g., aTransfer PIN 130) that pass the comparison tests of steps 530 and 550depicted in FIG. 9. In other words, in embodiments of the presentinvention, the Cash Card Number 350 (and the PIN Card Number 150) arenot associated with a separate account for each user. Thus, unlike adisbursement made from a specific user account (e.g., a withdrawal froma specific bank account associated with an individual or predeterminedgroup of users), a disbursement in embodiments of the present inventionis made from an account that is available to one or more unrelatedusers—that is, users who do not share a familial, organizational,business or other pre-existing trust or financial relationship.

In the embodiment depicted in FIG. 9, after authorization system 140 hasauthorized the disbursement, the authorization instruction is also sent,in step 570, to the dispensing unit. In embodiments of the presentinvention, as discussed above, the Sender has purchased a PIN Card 160in a convenient increment of whole currency units of currency used atthe intended Recipient's location. This facilitates the dispensing ofcash in response to an authorization instruction, since the dispensingunit thus needs to retain and dispense fewer denominations of currency.In embodiments, the intended Recipient may only receive the full amountpurchased by the Sender and associated with the Transfer PIN 130. Inother embodiments, the intended Recipient may signal the dispensing unitthat only a portion of the value associated with the Transfer PIN 130 isto be withdrawn during a particular transaction. In such cases,appropriate modifications would be made to the steps depicted in FIG. 9so that, assuming that the applicable first-string and second-stringcomparison tests were met, only the requested portion of the initial orremaining value associated with the Transfer PIN would be authorized fordisbursement.

It should be noted that, while automatic dispensing units are envisionedas providing a straightforward way to implement the present invention,other dispensing units such as tellers or kiosks could be used.Furthermore, a value transfer according to the present invention doesnot necessarily entail cash. Other methods of transferring value, suchas crediting a bank account, issuing a check, or issuing a debit card,are encompassed within the scope of the invention.

FIG. 10 illustrates an embodiment of a preferred PIN lookup process toauthorize a disbursement as outlined above with respect to FIG. 9. Thisprocess translates the PIN block received from the communicationsnetwork 57 (shown in FIG. 2) into the same format as was stored in theauthorization system 140, as described above with respect to FIG. 6. Inthis embodiment, when the dispensing unit receives a Transfer PIN 130and a Cash Card Number 350, the communications network 57, which in thisexample includes the preexisting financial or banking networks anddevices connected thereto, combines the Cash Card Number 350 and theTransfer PIN 130 and encrypts the result, transmitting it as one data orPIN block. In step 610, this encrypted PIN block is received from thenetwork by the authorization system 140. In step 620, the authorizationsystem 140 performs a translation using a key, separating an encryptedversion of the Transfer PIN 130 from the Cash Card Number 350. In step630, the encrypted version of the Transfer PIN 130 is translated using alocal encryption key, generated in step 205 discussed above with respectto FIG. 6, and a dummy string, generated in step 215 discussed abovewith respect to FIG. 6, to a format equivalent to that which is used tostore the Transfer PINs 130 in a database in the authorization system140 (as discussed above with respect to FIG. 6). In step 640, theencrypted Transfer PINs 130 that are the result of step 630 are hashed,facilitating comparison with the Transfer PINs 130 stored in theauthorization system 140 as described above with respect to FIG. 6. Theauthorization system 140 thereby compares the Transfer PIN 130 enteredby a Recipient with the stored values of Transfer PINs 130 by comparingencrypted versions of Transfer PINs 130. The Transfer PINs 130 are nottransmitted or compared in “clear,” non-encrypted format, therebyenhancing the security of the Transfer PINs 130 used in accordance withembodiments of the current invention.

An advantageous aspect of the present invention is that it can easily beused to run promotions, sweepstakes, and the like, designed to enhancecustomer loyalty, including to a money transfer system implemented inaccordance with the present invention. In accordance with this aspect ofthe present invention, a PIN is publicly advertised. The publiclyadvertised PIN may preferably comprise 4 characters, but other lengthsmay be used. Cash Card 310 or PIN Card 160 holders, or both, areencouraged to visit appropriate units and enter the publicly advertisedPIN to see if they are eligible for promotional cash giveaways. FIG. 11provides a flow chart of an embodiment of this aspect of the presentinvention. For purposes of simplicity, this embodiment is described withreference to a Cash Card 310 holder; it will be readily understood howthe embodiment can be used and adapted for PIN Card 160 holders.

In the embodiment depicted in FIG. 11, in steps 710 and 720, a Cash Card310 holder provides a dispensing unit with a first string (e.g., a CashCard Number 350) and a second string which, in this embodiment, is thepublicly advertised PIN. These steps correspond to steps 510 and 520 ofFIG. 9, as described above. In the embodiment depicted in FIG. 11, atstep 730 the authorization system 140 compares the first string toactive first-string values (for example as described with reference tostep 530 of FIG. 9). If the comparison tests of step 730 aresuccessfully met, the holder of the Cash Card 310 is identified in step735. This embodiment thus contemplates that, as described above withrespect to FIG. 7, identifying information about the Cash Card 310holder will be obtained, for example when the Cash Card is distributed,and associated with the Cash Card Number 350 in a database available tothe authorization system 140. If the comparison tests of step 730 arenot met, then appropriate messages are sent to the user in step 750,including messages to try again or that the transaction has beenterminated.

At step 740 of the embodiment depicted in FIG. 11, comparison tests ofthe second string are conducted in step 740 (for example as described indetail with reference to step 550 of FIG. 9). If a valid second stringis entered, the authorization system 140 identifies the second string asbeing associated with a sweepstakes promotion, as opposed to a moneytransfer transaction. If the comparison tests of step 740 are met, theuser is authorized in step 745. If the comparison tests of step 740 arenot met, then, as with step 730, appropriate messages are sent to theuser in step 750, including messages to try again or that thetransaction has been terminated.

Once the user is identified in step 735 and is authorized in step 745,processing proceeds to step 760 of FIG. 11. In that step, theauthorization system 140 checks whether the particular Cash Card 310meets predetermined criteria in connection with the sweepstakes orpromotion. For example, the predetermined criteria may be based on thehistorical usage pattern of the Cash Card 310, such as whether the CashCard 310 was used within a specified time period, whether the Cash Card310 was used a specified number of times within a specified time period,or whether a Cash Card 310 was used in relation to transactions over acertain amount. In other implementations, the predetermined criteria maybe based on promotional rules including an intentional Cash Card 310activation event, such as the first time a Cash Card 310 is used, or thenumber of times a Cash Card 310 is used within a specified promotionaltime period. Such an intentional Cash Card 310 activation event may beindependent of the historical usage pattern of the Cash Card 310. In asweepstakes fashion, the promotional rules may incorporate an activationevent that is unpredictable to the Cash Card 310 holder, for examplewhere one in every fifty, or every hundred users is automaticallydispensed a predetermined amount of cash in accordance with the desiredpromotion.

If the Cash Card 310 user meets predetermined criteria, a disbursementis authorized in step 770 of FIG. 11, and the authorization is sent to adispensing unit in step 780, enabling the Cash Card 310 holder to obtainthe identified disbursement. Should the Cash Card user not meetpredetermined criteria, or if either the Cash Card Number 350 or enteredPIN do not match expected values, then the transaction is terminated instep 750, as discussed above.

Unlike in the cash transfer process discussed above in relation to FIG.9, in the promotional embodiment described with references to FIG. 11,the Cash Card Number 350 read by the dispensing unit and transmitted tothe authorization system may be important to the decision of whether toauthorize a cash disbursement. In a promotional embodiment of thepresent invention, the PIN entered by the user may be publicly known,and the disbursement authorization decision is based on theidentification of the particular Cash Card 310 being used. This is incontrast to the embodiment of cash transfer process discussed withrespect to FIG. 9 in which the disbursement authorization decision wasbased on the Transfer PIN 130 and was independent of the particular CashCard 310 being used, as long as the Cash Card 310 used is active.

The above-described preferred embodiments are intended to illustrate theprinciples of the invention, but not to limit its scope. Various otherembodiments may occur to those skilled in the art upon reading thepresent disclosure or practicing the claimed invention. Such variations,modifications, and equivalents are intended to come within the scope ofthe invention and the appended claims.

1. A card for activating a cash dispensing unit comprising: a storagemedium, wherein the storage medium stores information comprising anumeric string associated with a disbursement account accessible by aplurality of unrelated users, wherein upon insertion of the card into acash dispensing unit, the numeric string serves to validate the card toconduct a transaction with the disbursement account.
 2. The card ofclaim 1, wherein the storage medium comprises a magnetic stripe.
 3. Thecard of claim 1, wherein the numeric string is not associated with adistinct user account.
 4. The card of claim 1, wherein the cashdispensing unit comprises an automated teller machine (ATM).
 5. The cardof claim 1, wherein the cash dispensing unit comprises a point-of-saleterminal at a retail location.
 6. A card for activating a cashdispensing unit comprising: a storage medium, wherein the storage mediumstores information comprising a numeric string associated with adisbursement account accessible by a plurality of unrelated users,wherein, in response to inserting the card into a cash dispensing unitand entering an essentially unique string into the cash dispensing unit,the cash dispensing unit dispenses a predetermined amount of cashassociated with the essentially unique string.
 7. The card of claim 6,wherein the storage medium comprises a magnetic stripe.
 8. The card ofclaim 6, wherein the numeric string is not associated with a distinctuser account.
 9. The card of claim 6, wherein the cash dispensing unitcomprises an automated teller machine (ATM).
 10. The card of claim 6,wherein the cash dispensing unit comprises a point-of-sale terminal at aretail location.